Third Point’s Credit Bet

Dan Loeb sees the best opportunities in the asset class.


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Third Point is bullish on credit.

In its third-quarter letter, made public last week, the multistrategy firm headed by Dan Loeb said it expects to continue to increase corporate credit exposure in the coming quarters. “We are finding many opportunities in improving credits” yielding 10 percent to 13 percent, Loeb told clients.


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